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Ajcon Global Services Limited (hereinafter referred to as “AGSL” or “the Company”), is a well known public listed Company with networth of over Rs 300 millions (along with its subsidiries) engaged in providing various financial services for last 30 years. The Company is a well diversified financial services Company offering a whole gamut of services such as Stock Broking, Commodity Broking, Depository Services, Project Consultancy, Equity Research, Loan Syndication, Turnkey Projects, Corporate Advisory Services and Merchant Banking. It is headed by Mr. Ashok Kumar Ajmera, a well known Chartered Account and Market Expert with a rich experience of 40 years.

Ajcon Global Services Limited, was incorporated in 1986, in Mumbai, as Ajmera Financials and Project Consultants Pvt. Ltd with the object of consulting entrepreneurs and established companies in new projects and raising financial resources.
The Company efficiently executed more than 300 assignments of Project Financing and Loan Syndication and gained recognition as a leading project consultancy firm, possessing strong implementation skills to transform corporate vision and strategy into profitable reality. In 1994, the Company widened its horizon and diversified its business by entering into the Capital Markets. Ajmera Financials and Project Consultants Pvt. Ltd was rechristened as Ajcon Capital Markets Ltd. to reflect the diversified business focus in Capital Markets, which was later changed to Ajcon Global Services Limited to reflect Company’s global reach in financial services activities.
The Company, with Mr. Ashok Ajmera as the Chairman & Managing Director, went public in January 1995. It became a member in the National Stock Exchange (NSE) to setup the right infrastructure for stock broking/security trading, market research. The Company’s public issue was oversubscribed by over 25 times demonstrating the faith and confidence the investment community reposed in the Company. The Company is a member of National Stock Exchange for cash & F & O. The Company is also a member of M.P. Stock Exchange and is a depository participant of CDSL. The Company successfully developed a strong client base all over the country and presently its securities turnover runs in thousand of crores.
In 2004, the Company expanded its reach from the domestic markets to the international markets by entering into a tie-up with a company in USA for providing financial services.
Group Structure
The Principal business of Ajcon Global Services Ltd. includes,
Equity Broking
Currency Broking
Commodity Broking
Depository Services
Corporate Advisory Services
Investment Banking
Merchant Banking
Equity Research
Key services Ajcon Global

Equity Broking- We are registered members of leading national exchanges viz. BSE, NSE and MCS-SX (Cash and Derivative segment) with nationwide trading terminals for our broking activity. AGSL is also a dealer with M.P. Stock Exchange AGSL has a strong presence on both the institutional broking and retail broking front. We are empanelled with more than 25 leading banks and institutions to execute their secondary market transactions.The Company has successfully developed a strong client base all over the country and presently its securities turnover runs in thousand of crores. It is empanelled with Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Can Robeco Fund, Canara Bank, Central Bank of India, Corporation Bank, IDBI, Indian Overseas Bank (IOB), Indian Bank, Life Insurance Corporation, Oriental Bank of Commerce, Punjab National Bank (PNB), SBI DFHI, SBI Pension Fund, SIDBI, State Bank of Hyderabad, Syndicate Bank, Taurus Mutual Fund, UCO Bank, Union Bank, United Bank of India, UTI Mutual Fund and host of other banks and mutual funds for their secondary market operations on the capital market segment of NSE. On the retail front, Ajcon Global has a strong base of retail clients which include, HNIs and Ultra HNI Clients who are loyal customers developed over the years through our dedicated services.We provide value added services in broking to investors and traders through our network of dedicated experienced dealers across the country and through our comprehensive website - The Company is proud to be associated with Bank of India (BOI) as online trading partner for the equity market operations of their customers. To cater to the needs of Bank of India customers, we have developed an online trading portal

Currency Broking

We believe in the tremendous potential of currency future to become a dominant force of the Indian financial market with a turnover which can outperform even equity and commodity segment. We firmly believe that wider market participation will bring more strength to the market & this can be achieved through disseminating education & information among various market participants.

Commodity Broking
We offer commodity broking services through our 100% subsidiary Ajcon Comtrade Pvt. Ltd., which is a member of MCX. Over the years, MCX has emerged as the country’s largest commodity exchange among all the regional and national exchanges in the country.
Depository Services

Depository Participants (DP) offers a safe & convenient way to hold securities in electronic form. It offers freedom from delays, forgeries, settlement risk and paper work. Ajcon Global is a participant of Central Depository Services Limited (CDSL). As a Depository Participant, we offer depository accounts to individual investors as well as to corporate houses, which enables them to trade in the dematerialized environment.

Corporate Advisory Services

Ajcon Global offers corporate advisory service which is responsible for generating advisory related to loan syndication and project finance. Our well established network, laisioning with PSUs, Private Banks, Institutions and NBFCs factored with our experience has aided us achieving financial closure with for our mid-sized and large corporate clients.

Ajcon Global offers project consultancy which is led by our CMD Shri. Ashok Ajmera who has assisted more than 300 corporate in their projects. Project Consultancy revolves around business opportunity identification, assisting in starting/ formation of new companies, developing marketing strategy to achieve business efficiency and financial closures for our clients in India and aboard.

Investment Banking

Ajcon Global offers comprehensive Investment Banking solutions and transaction expertise covering assignments related to private equity, mergers and acquisition restructuring etc. across international & domestic capital markets. We offer a complete suite advisory which involves hand holding mid-market businesses and large corporation leading them to achieve their goals. We also represent a few large private equity funds.

Merchant Banking

Ajcon Global is a Category 1 Merchant Banker registered with SEBI. With years of experience in capital markets activity this elite division of ours is dedicated in providing services/assistance related to Issue Management, take-over of listed Company, Buybacks, delisting in Compliance with norms of SEBI. We have advised and managed the public offerings of about 15 Corporates over the years and are also actively in SME segment.

Equity Research

Ajcon Global is boasts of its Equity Research Division as a strength which is responsible for guiding us and our clients towards making investment decisions in Industry, Sector, Capital Markets and Companies which act as out performer and generate returns for our clients. The Equity Research Team is well placed with modern amenities like Bloomberg etc. to develop their sense on their markets leading to profitable advice. Its fundamental research reports are known for its simplicity, analysis based on value investing principles and accuracy in achieving price targets. The research reports are published in leading portals like Bloomberg, Reuters,, Economic Times Website, Dainik Bhaskar Group Newspapers and Researchbytes. The Equity research division of the Company is spreading its wings across the globe. AGSL research reports have a wide viewership with more than 500 institutions across the globe covering it.

AJCON FINANCE LIMITED (Formerly known as Ajcon Commodity Brokers Limited)
AJCON FINANCE LIMITED is a subsidiary of Ajcon Global and is registered with Reserve Bank of India (RBI) as a NBFC (Non Public Deposit Accepting).

Ajcon IT.Com is into providing IT solutions to Corporates and Individuals. The Company has developed its own MLM software which is among the top 10 MLM softwares available in the market. There is a huge demand for this software in Indian and overseas market and sale of this software is generating high revenues for the Company. The Company specializes in web designing and development, business portals and has its own business portals and has more than 300 clients.


Ajcon Infra Projects Pvt. Ltd. – The Company has recently taken up construction and infra structure related activities and has acquired land at Goa admeasuring 8,243 sq mtrs. The Company plans to develop hotels, resorts and residential row houses on this land in the next year. The Company also holds about 3% shares in AGSL


A. Ajmera & Associates is a Chartered Accountancy firm engaged mainly in Bank audits


M/s. Kanchanmanik Securities Pvt. Ltd. was incorporated on 20th December, 2012 in Mumbai as 100% subsidiary Company of Ajcon Global Services Limited a BSE Listed Company with an object to carry out Securities Broking business.


M/s. Ajcon Comtrade Private Limited was incorporated on 11th January, 2013 in Mumbai as 100% subsidiary Company of Ajcon Global Services Limited, a BSE Listed Company with an object to carry out Commodity Broking business; it is a member of the Multi Commodity Exchange (MCX) and is engaged into Commodity Broking. Ajcon Comtrade Private Limited is promoted and managed by same group of promoters and directors namely Shri. Ashok M. Ajmera a renowned Chartered Accountant and well known Capital Market Expert and by his two sons i.e. Shri. Ankit A. Ajmera and Shri. Anuj A. Ajmera both of them also having good knowledge and experience in Commodity Broking and Capital Market.

Over the years, the Company has established goodwill as the front-runner in the field of Stock Broking, Project Consultancy, Market Research, Loan Syndication, Turnkey Projects and Corporate Advisory Services. Standing by its motto 'Either find a way or make a new one', the Company has strived to provide the best of financial solutions to its customers.
Channel Partner
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